how long does it take to underwrite a mortgage

In general: Mortgage underwriting can take anywhere from a few days to a few weeks. Five to eight business days is probably a good average (from the time the underwriter receives the file, up until a final determination is made). In many cases, the underwriter will issue a conditional approval.

What Does a Mortgage Loan Processor Do? – National. – By Op-Ed Writer: Stacey Sprain, NAMP®-CALP. Mortgage Loan Processor Job Description: The primary function of the Loan Processor is to ensure the timely and accurate packaging of all loans originated by our loan officers.Responsibilities include: Gather information and take each file from pre-approval to closing.

How Long Does Mortgage Underwriting Take – How Long Does Mortgage Underwriting Take – We are offering to refinance your mortgage payments today to save on interest and pay off your loan sooner. With our help you can lower monthly payments.

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Mortgage Advice > How long does underwriting take? – I am typically seeing anywhere from 24 hours (only a few lenders are that fast) to a more typical 3 business days to underwrite. I have seen it as long as 6 business days for some lenders. But some lenders give purchases priority in their pipeline of loan submissions.

How Long Does it Take to Get a Mortgage Commitment Letter? Write Letters of Explanation for a Mortgage Underwriter How Long Does It Take to Refinance a Mortgage?

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Good Grief, How Long Does It Take – Mortgage – Good Grief, How Long Does It Take. Up Dated February 2010. There is no system of check and balance in the mortgage process. The underwriter has all the power and the loan originator or loan processor are nothing but insignificant clerks. The loan originator who is the main contact.

How Long Does Underwriting Take-and Can You Speed It Up? – How long does underwriting take? Underwriting-the process in which mortgage lenders verify your assets to get a home loan-can last a little as two to three days, but typically takes over a.

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